Gaming Giants Hit Hard: MPL Cuts Staff 50%, Quizy Closes After GST Hike

Last updated: 09 August 2023

The gaming industry is experiencing significant challenges following the decision by the GST Council to impose a 28% tax on the full player deposit value in online money gaming. This move has led to the closure of gaming startup Quizy and prompted other companies like MPL to make drastic changes to
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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